Sallie Mae (NASDAQ: SLM), the nation's saving, planning, and paying for college company, today announced a 2016 fourth-quarter dividend on its Preferred Stock Series B of $0.6455666 per share. The dividend will be paid on Dec. 15, 2016, to stockholders of record at the close of business on Dec. 5, 2016. On Sept. 30, 2016, Sallie Mae had approximately 4 million shares of Preferred Stock Series B outstanding. Sallie Mae (NASDAQ: SLM) is the nation's saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance, including private education loans, Upromise rewards, scholarship search, college financial planning tools, and online retail banking. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.